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mologna
30 Mar 2017 pukul 16.52

PZZA short opportunity Penjualan

Papa John's International, Inc.NASDAQ

Deskripsi

PZZA (Papa Johns) is looking like a solid short set up.

Logic:
  • Breakdown of support on Feb 22nd on serious volume.
  • bounce off 73.63 support in a descending wedge pattern followed by a recovery up.
  • Trouble the past two days breaking the closing price of the Fed 22nd move, as evidenced by the long wick yesterday.
  • H&S pattern forming.
  • cloud resistance at current price.


Wait for a good downside move, then consider buying May 77.50 puts. This stock may print a few more dojis or even test the 81.21 resistance before continuing down, so be patient!
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